Abbreviated Company Accounts - LAVAL & CO. LTD

03414639 LAVAL & CO. LTD 2016-03-31 false 2015-04-01 2016-03-31 true 03414639 2015-04-01 2016-03-31 03414639 2016-03-31 03414639 2015-03-31 03414639 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03414639 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03414639

LAVAL & CO. LTD

Abbreviated Accounts

31 March 2016

LAVAL & CO. LTD Registered Number 03414639

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	1,495	1,993
Tangible assets	3	643,266	642,290
Investments	4	100	-
		644,861	644,283
Current assets
Stocks		37	-
Debtors		2,551	99
Investments		199,518	5,308
Cash at bank and in hand		63,923	649
		266,029	6,056
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(153,594)	(157,894)
Net current assets (liabilities)		112,435	(151,838)
Total assets less current liabilities		757,296	492,445
Creditors: amounts falling due after more than one year		(242,792)	0
Provisions for liabilities		(541)	(847)
Accruals and deferred income		0	0
Total net assets (liabilities)		513,963	491,598
Capital and reserves
Called up share capital	5	61,000	61,000
Share premium account		0	0
Revaluation reserve		385,912	385,912
Other reserves		0	0
Profit and loss account		67,051	44,686
Shareholders' funds		513,963	491,598

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 December 2016

And signed on their behalf by:
Mr M Laval, Director

LAVAL & CO. LTD Registered Number 03414639

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance basis
Fixtures & Fittings - 25% reducing balance basis
Motor Vehicles - 25% reducing balance basis

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 25% straight line basis

2Intangible fixed assets

	£
Cost
At 1 April 2015	2,491
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2016	2,491
Amortisation
At 1 April 2015	498
Charge for the year	498
On disposals	0
At 31 March 2016	996
Net book values
At 31 March 2016	1,495
At 31 March 2015	1,993

3Tangible fixed assets

	£
Cost
At 1 April 2015	691,782
Additions	2,506
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2016	694,288
Depreciation
At 1 April 2015	49,492
Charge for the year	1,530
On disposals	0
At 31 March 2016	51,022
Net book values
At 31 March 2016	643,266
At 31 March 2015	642,290

4Fixed assets Investments
The company owns 100% of the issued share capital of Laval Digital Ltd a company incorporated in England & Wales.

Aggregate capital and reserves
Laval Digital Limited (1,642) –
Profit and (loss) for the year
Laval Digital Limited (1,742) –

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
61,000 Ordinary shares of £1 each	61,000	61,000